1214 Wenlon Dr Murfreesboro, TN 37130
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About this home
Discover a rare investment gem just minutes from Middle Tennessee State University. This 2-bedroom, 2-bath home offers incredible potential for investors or first-time buyers looking to build equity in a prime location. With no HOA (a rare find at this price point), a fully fenced backyard, and a private patio, this property checks all the right boxes for value and versatility. The home is being sold as-is, which is reflected in the price—making it an excellent opportunity to update and add value. Whether you modernize it for a student rental or customize it as an affordable owner-occupied home, there is potential for significant upside. Cosmetic updates to flooring, fixtures, and finishes could substantially increase rental income or resale value. Located less than 2 miles from the MTSU campus, this home is ideal for college rentals, faculty housing, or anyone who wants to be close to the university. You’ll also be just minutes from downtown Murfreesboro, Broad Street restaurants, local shopping, and I-24 access for an easy commute to Nashville. With estimated rent potential around $1,350–$1,400 per month, this property can offer a solid cash flow and long-term appreciation in one of Tennessee’s fastest-growing cities. Affordable, convenient, and full of potential — 1214 Wenlon Dr is a smart buy for anyone ready to invest in Murfreesboro real estate.
Source: REALTRACS #3030402
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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